Substituting the present value of each repayment PV=20000, N=36 and PMT=970 into the financial function RATE () of EXCEL, we can get the answer that the monthly interest rate is 3.389%, which is equivalent to the annual interest rate =40.67%. Of course it is. You can complain to the China Banking and Insurance Regulatory Commission. The problem is that if you sign the contract before the loan and don't know the specific details, the lender must have a trap waiting for you. For example, if the service fee is higher than 24%, the possibility of winning the lawsuit is not high. And it takes time and effort to go to court, depending on your patience. These loan companies make many young people miserable. It deserves everyone's attention.
Attachment:
The Supreme Law "Provisions on Several Issues Concerning the Application of Laws in the Trial of Private Lending Cases" came into effect on September 1 2065438.
Article 26 If the interest rate agreed between the borrower and the borrower does not exceed the annual interest rate of 24%, and the lender requests the borrower to pay interest at the agreed interest rate, the people shall support it.
The interest rate agreed between the borrower and the borrower exceeds the annual interest rate of 36%, and the interest agreement in excess is invalid. If the borrower requests the lender to return the interest paid in excess of 36% per annum, the people shall support it.
1, the annual profit is less than 2 points, which is legal;
2. If the annual interest exceeds 3 points, the interest will be invalid;
3. The annual interest is between 2 points and 3 points, which has been paid and is valid; If return is required, it is not supported; If the requested amount has not been paid, it is not supported;
Can PICC's auto insurance policy be used as a loan?
Auto insurance policies cannot be loaned, only life insurance with cash value can be loaned.
consulting telephone
I wish your family happiness and peace!
Is there a limit on the number of China life insurance loans?
There is no limit on the number of times you can borrow from China life insurance policy. A policy can only apply for one loan, and it must be settled before it can be applied again. The loan amount of each policy cannot exceed 80% of the cash value, and the loan period cannot exceed 6 months.
China Life Insurance (Group) Company (hereinafter referred to as China Life Insurance) is a central financial enterprise and a state-owned super-large financial insurance enterprise company; Headquartered in Beijing, it is one of the top 500 enterprises in the world, one of the top 500 Chinese brands, and a state-owned vice-ministerial central enterprise. The company's predecessor was the former China People's Insurance Company, which was established in 1949. In 1996, it was divided into PICC Life Insurance Co., Ltd., and changed its name to China Life Insurance Company in 1999. In 2003, with the approval of the State Council and the former China Insurance Regulatory Commission, the former China Life Insurance Company was reorganized into China Life Insurance (Group) Company.
China Life Insurance (Group) Company and its subsidiaries constitute the largest state-owned financial insurance group in China, and are also important institutional investors in China capital market. The business scope covers life insurance, property insurance, enterprise and occupational annuities, banks, funds, asset management, wealth management, industrial investment, overseas business and other fields.
China Life Insurance (Group) Co., Ltd. adheres to the core concept of corporate culture of "be yourself and be an adult", follows the corporate purpose of "honesty-based and steady operation", adheres to the corporate spirit of "innovation, hard work, pragmatism and dedication", takes "share weal and woe with customers" as its corporate value, and strives to build a leading position in China with the spirit of "advancing with the times and pursuing Excellence".
China Life has deeply studied the differentiated needs of different industries, regions, channels and customer groups for risk protection and financial management, deeply focused on the personalized and diversified needs of customers for product innovation, and explored ways to meet the needs of risk prevention, health care, pension, children's education and family financial management. At all stages of life, it brings customers a brand-new consumption experience.
What kind of loan is China Insurance Trust?
Trust loan means that the borrower has repayment ability, good credit, no interest default and a credit card. The trust loan interest rate is not higher than 4 times the benchmark loan interest rate; If the loan term is more than three years, the loan interest rate shall not be lower than the interest rate of commercial banks of the same grade stipulated by the People's Bank of China; If the loan term is more than 5 years, the loan interest rate shall not be lower than 1. 1 times of the second home loan interest rate.
How about getting a loan from PICC?
Loans from insurance companies in China can. China insurance company's loan application is approved quickly, and the interest is not particularly high. Comprehensive loans are ok.
How to check the loan records of Ping An Insurance and China Insurance?
You can call the loan service hotline of Ping An Bank.
If you want to inquire about the loan situation of Ping An Bank, customers can directly call Ping An Bank's loan service hotline and consult Ping An Bank's customer service staff through manual service channels. In addition, you can also log in to the online banking and Ping An Pocket Banking APP, and make inquiries on the personal account page.
If there is an offline business outlet of Ping An Bank near the customer's residence, the customer can also bring his personal ID card to the outlet counter to ask the staff. If you have the assistance of the business manager when applying for a loan, you can also consult the business manager directly.
So much for the introduction of PICC loan.